Actually, I have been around for many years..I probably first got involved with Pyng 8 years ago + and was around when it was trading well over $4.00. Yes, I have talked with mgt, although I haven't visited the facility since I live on the east cost. The difference I think is that I wasn't burned by Pyng and the company has been very good to me financially. I treated Pyng as a high risk investment from the get go, never got emotionally attached nor did I get too greedy. I always bought and sold the company and did take take some losses on the way down... but never went down with the ship as some did here. When I reached my stop loss, I sold and lurked here in the wings. When the stock plummeted below $.40 I began to purchase again because I recognized that at those levels PYT was a strong buy. I purchased as many shares as my high risk portion of my portfolio could tolerate and yes I sold as the stock started it's climb and sold a fair chunck between $.75+, to lock in profits....a still hold about 50,000 shares.
I think the point here is that the things some of you are harping on about mgt, rosy news releases, I expect from a cdnx listed company and quite frankly Pyng, by cdnx standards, is no where as bad as the typical cdnx listed company. Infact it is much better. Sometimes I think that for some of you, Pyng must be your only investment? or your only investment that isn't a bank stock? I am sure some lurkers reading the posts, who have experience on investing in small caps and penny stocks are smiling because they know that it is a dog eat dog world in the world of small caps. If you want me to give you specific examples I would be pleased to... I have been investing in pennies and small caps for years and really enjoy the challenge and risk.... In the world of small caps, Pyng is an annomally because it is real and has a real future ... as with all companies it has it's baggage but much much less then your typical venture exchange company!
For those of thinking about buying PYT do your own DD and for gods sake have an exit strategy! :) It is obvious to me (and yes I may be wrong) some of the most bitter here didn't have an exit strategy and have years of frustration of watching there significant investment un Pyng dwindle to near nothing... where many here have lost a ton of money when the market bubble burst we have sold and moved on...imagine how you would feel if you were still an investor in Nortel today buying 100 shares for $100 ($10,000) and posting on that board today with your shares only worth only $400.... I guess I would be a little bitter and peeved as well :)
IMO as far as a small cap investment is concerned Pyng is an excellent bet! Pyng is doing much more right then wrong right now and I believe that we will be trading much more then a $1.00 in short order. |
